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Real gdp is a better measure of economic well-being than nominal gdp because real gdp?
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40 votes
Real gdp is a better measure of economic well-being than nominal gdp because real gdp?

User Adijo
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2 Answers

6 votes
6 votes

Answer:

Real GDP accounts for Inflation

Step-by-step explanation:

Real GDP is a better measure for economic well-being because it takes into consideration the price changes.

User Phuthib
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3.0k points
8 votes
8 votes

It is the standard measure for economic growth

User Matt Goodall
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3.1k points
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